This round of market is like having its pulse pinched, constantly holding its breath. The dumping around 11 o'clock every day has become a habitual action, and there are no more long positions left; even those who held firm are starting to waver.
What you see now is that whenever there's a slight disturbance in the US stock market, it drops, and this side follows suit. Even El Salvador has halted its Bitcoin reserve plan; such signals are really heartbreaking.
The worst part is that liquidity has dried up. The choppy market has tortured everyone: those with positions continue to worry about a plunge, while those without positions are struggling to find an entry point. There are no more buyers in the market; the scenes of buying and selling are becoming increasingly rare, and the entire trading ecosystem is shrinking.
How long can this stalemate last? No one can say for sure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
3
Repost
Share
Comment
0/400
CryptoTherapist
· 12-23 18:51
ngl, this market's giving me serious patient-therapist vibes rn... everyone's displaying textbook liquidation anxiety patterns. the 11am smash? that's not market mechanics, that's collective trauma manifesting as price action. we need portfolio meditation sessions asap, fr fr.
Reply0
NFTRegretDiary
· 12-23 18:49
I've long been tired of the 11 o'clock dumping; the Bots must be dancing.
The old suckers are all numb, and those who catch a falling knife have long since perished.
View OriginalReply0
MetaverseMigrant
· 12-23 18:36
It's become a habit to dump at 11 o'clock, this rhythm is really something
Liquidity is gone, the ones catching a falling knife have all run away, what is there to play with?
Wait, did El Salvador give up? That's indeed not a good signal
This stalemate can really end abruptly, no one can say for sure
The longs have fallen silent, only air is left shouting
This round of market is like having its pulse pinched, constantly holding its breath. The dumping around 11 o'clock every day has become a habitual action, and there are no more long positions left; even those who held firm are starting to waver.
What you see now is that whenever there's a slight disturbance in the US stock market, it drops, and this side follows suit. Even El Salvador has halted its Bitcoin reserve plan; such signals are really heartbreaking.
The worst part is that liquidity has dried up. The choppy market has tortured everyone: those with positions continue to worry about a plunge, while those without positions are struggling to find an entry point. There are no more buyers in the market; the scenes of buying and selling are becoming increasingly rare, and the entire trading ecosystem is shrinking.
How long can this stalemate last? No one can say for sure.